International Business Times:
The South Korean government on Tuesday raised the country’s 2017 defense budget to build a homegrown missile defense system to better counter growing North Korean missile and nuclear threats. The announcement came nearly a week after Pyongyang test-fired a submarine-launched ballistic missile (SLBM) in an apparent response to the annual Seoul-Washington military drill that will continue till Friday.
According to the South Korean Ministry of Strategy and Finance, the allotted defense budget of 40.3 trillion won ($36.1 billion) — up 4 percent from the previous year — for 2017 was proposed to build the country’s own “Korea Air and Missile Defense (KAMD)” system to deal with potential North Korean threats. In addition, some 39.9 billion won ($35.7 million) will be used to equip all military barracks with air conditioning systems, South Korea’s Yonhap news agency reported.
The KAMD, expected to be deployed by mid-2020s, includes medium-range surface-to-air missiles (M-SAM), long-range surface-to-air missiles (L-SAM), U.S. Patriot missiles and early-warning radars to shoot down missiles fired by the Democratic People’s Republic of Korea (DPRK) — the official title for the reclusive nation.
The sped-up efforts to develop the homegrown KAMD comes amid growing tensions in the Korean peninsula after Pyongyang’s fourth nuclear test in January, followed by the launch of a long-range rocket in February.
